Monday, March 15, 2021

Question about crypto loans.

If one were to take out a loan using BTC as collateral, the price went down and the loan called, one was unable to pay and his Bitcoin was forfeited to pay the loan, is that a taxable event?

How will you view wrapped or swapped BTC come tax time?

There are several DApps either already out or in development that will allow for the use of Bitcoin for Defi. If you are in the US there really is no clear guidance from the IRS if a wrapped coin is a taxable event.

Out of curiosity I'm wondering how the community here views this kind of swap. Do you see swapping BTC for wBTC on the Ethereum network or rBTC on the layer 2 Bitcoin blockchain as a taxable event?

Backbone

During the events of the “Arab Spring”, the world saw a government shutting down its people from the internet, via backbones. With the Indian government going nuclear on Bitcoin, could any government limit its people's access to portfolios, brokers...?

[ CryptoCurrency ] 10 Great Crypto Research Sites and Tools

Topic originally posted in CryptoCurrency by ser_antonii [link]

These are only some of my own favorites and there are many more out there. If I missed any or have some of your own recommendations, please share!

CoinMarketCal:

This website shows all upcoming events and future releases regarding a certain Cryptocurrency. Anyone can post an event and is dictated to be fact or not through a rating system (very similar to Reddit’s upvote/downvote system).

https://coinmarketcal.com/en/

CryptoQuant:

A money flow of Bitcoin transferred to and from exchange wallets to evaluate investors’ behavior. Better helps you understand what people are doing in the markets.

https://cryptoquant.com/overview/btc-exchange-flows

LunarCrush:

Uses artificial intelligence to gather data on social media surrounding crypto currencies. It organizes social media outlets (including Reddit!) and reports statistical information such as link popularity, news activity, google search volume, and more. All this information is combined to give you a top-level overview of the what the social sentiment really is for different cryptos.

https://lunarcrush.com/markets?rpp=50

Messari:

A crypto data aggregator that helps you scout those hidden gems to add to your portfolio. Messari screener gives you the ability to sort the coin market through a variety of customized filters.

https://messari.io/

Glassnode:

Allows you to unchain market indicators for Bitcoin and Ethereum. You’ll be able to see stats like exchange info volume and how it holds up to inflows for the last day.

https://glassnode.com/

AltCoin Season Index:

An indicator to see how altcoins are stacking up against Bitcoin. Has a score rating for AltCoin season with under 25 being Bitcoin season and over 75 being AltCoin season (current score at time of this post is 63).

https://www.blockchaincenter.net/altcoin-season-index/

ByBt:

This is derivative data analytics tools. It’s very useful to those who like to use derivative markets data to formulate trading strategies. Additionally, ByBt has a great liquidation section for you to see liquidations taking place across the market.

https://www.bybt.com

CoinDance:

A data heavy site for crypto that gives you numbers for things like hash rates, fees, mining breakdowns, network nodes and more. You are even able to sort data by country to see how crypto adoption is going all around the world.

https://coin.dance/

TradingView:

A cloud based charting and social networking platform. Find forecasts by numerous crypto traders and see if the mass is feeling bullish or bearish. You’ll be able to view common price targets as well and compare/adjust your own targets.

https://www.tradingview.com/

CoinGecko:

A website and app that you can use to stay on top of the crypto markets. You can do a lot with this simple to use platform such as view live price changes for over 6,000 cryptos, set price alerts, rate and view ratings for a coin, build lists, view trending news and more.

https://www.coingecko.com/en

/u/ser_antonii your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].

Bitcoin now the prize for this sailing event

https://cointelegraph.com/news/bitcoin-now-the-prize-for-this-sailing-event

mail being blocked because of DLP policy?

There's an email that's being blocked everytime and in the message trace details it only refers to the responsible mail flow rule by a hexadecimal string.

In a section called message events, there's an item that says

Reject message. Transport rule: '', ID: ('E7B3F3CA-770F-4030-87D1-371FFCAD7195'), DLP policy: '', ID: (00000000-0000-0000-0000-000000000000).

the ID here is the hexa string of the mail flow rule.

There are some mail flow rules I set up to block bitcoin spam and phishing emails but nothing that would obviously block this email.

There's nothing in mail flow that identifies rules by hexa string and I haven't done anything with nor know anything about DLP policies. How do I address this issue?

Bit mining repairs

GlobeNewswire

REGISTERSIGN IN

ENGLISHFRANÇAIS

CONTACT USGLOBAL DISTRIBUTIONNEWSWIRE SERVICESREGULATORY FILINGSMEDIA PARTNERS

BOTS INC NOW OFFERS BITCOIN MINING RIG REPAIRS AND REMOTE DIAGNOSTIC SERVICES TO SERVICE MOSTLY UNTAPPED MARKET IN THE USA

March 15, 2021 08:00 ET | Source: Bots, Inc.

SAN JUAN, Puerto Rico, March 15, 2021 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI), a vertical integrator and an emerging innovator of products, technologies and services for the rapidly growing digital robotics automation and manufacturing industry announced today the availability of Bitcoin and Ethereum miner rig repairs nationwide conducted through our newly authorized repair facility. Bitcoinmagazine.com recently reported: “Mining equipment shortages, not just in North America but around the world, including in China, is currently a big issue in the industry. As the price of bitcoin continues to reach all-time highs, there is pressure on ASIC foundries and equipment manufacturers to try and meet the demand from both newly interested customers and older mining companies that need to upgrade to remain competitive. Estimated wait times for new mining equipment are at least six months, with leading manufacturers like Bitmain sold out until September 2021. There has also been a significant price increase in the secondary market for used ASICs.” The following companies as the key players in the global cryptocurrency mining hardware market: Advanced Micro Devices Inc., ASICminer Co., Baikal Miner, Bitfury Group Ltd., BitMain Technologies Holding Co., Canaan Inc., Cynosure Technologies Co. Ltd., Halong Mining, INNOSILICON Technology Ltd., and Shenzhen MicroBT Electronics Technology Co. Ltd. BOTS’ affiliated repair center offers Bitmain manufactured repairs only but will gradually add other manufactures repairs capabilities as replacement parts become available. According to research conducted by Fidelity Digital Assets and Greenwich Associates, nearly 80 percent of institutional investors find something appealing about digital assets, and more than six in ten institutions believe that digital assets have a place in their investment portfolios. BOTS’ Internal research indicates that demand for refurbished cryptocurrency mining electronic equipment in emerging nations is also a major driver augmenting the market. There are millions of Bitcoin and Ethereum mining rigs deployed in the USA. Bitmain customers report high failure rates occurring on leading Bitcoin mining hardware which are experiencing a 20 to 30% failure rate. US based bitcoin miner repair capacity is significantly lagging. “As more crypto mining equipment from Asian manufacturers is being deployed in North America to respond to rising institutional demand, Bitcoin mining farms need help to promptly diagnose mechanical failure and other problems and repair equipment with original parts to maintain competitive operations. Having a local repair center with remote diagnostic capabilities and overnight repairs to miners will allow North American mining farms to remain competitive and profitable,”- commented Paul Rosenberg, Bots Inc., CEO About BOTS, Inc. Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) is a diversified company developing and servicing blockchain, cybersecurity and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA). Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time. Track BTZI news on Facebook @ https://www.facebook.com/Bots.Bz/ Follow BTZI news on Twitter @Bots_bz http://www.Twitter.com/Bots_bz Find BTZI news at http://www.bots.bz Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit http://www.bots.bz Visit BTZI on Facebook https://www.facebook.com/Bots.Bz/ Follow BTZI on Twitter @Bots_bz Forward-Looking Statements Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings. Contact: Paul Rosenberg CEO paul@bots.bz

The bullish case of GET protocol

First of all, here's a little into onto what GET protocol is:

The GET Protocol offers a blockchain-based smart ticketing solution that can be used by everybody who needs to issue tickets(NFTs) in an honest and transparent way.

GET has managed to atract a lot of adoption for its services (over 550k tickets sold). The ticketing companies using it (currently in The Netherlands, South Korea, Germany and Italy) see the advantages smart, blockchain registered tickets offer. Not only does it end scalping & fraud but smart tickets allow the event organisers to communicate with the ticket holder, give insight to real time data, merge the primary and secondary market, … and so much more!

https://preview.redd.it/mppnd9r9s9h61.jpg?width=1280&format=pjpg&auto=webp&s=b8a8544432be65d8111aba1dcd86dc16d9479215

A flyer explaining the basics of GET protocol

Eventhough the price has been stagnant for years, the real usage of GET has only increased. I believe it's only a matter of time before GET protocol is picked up by the crypto space.

But worst case scenario - it doesn't - the buybacks will still push the price up on their own. Here's why:

In 2020 ticketing volume in general was down like 90-99% due to corona. Yet GET managed to sell over 236k tickets. Or an increase of 27% compared to 2019.

https://preview.redd.it/vfx90o5cs9h61.png?width=691&format=png&auto=webp&s=83c113e8d069556c10e35d4b0c39ca4576a9f6cd

How is this possible?

It's possibly because ticketeers recognize the advantages of smart tickets. Once big events are a thing again (hopefuly this year) scalping will become important again (which GET elminates) but for 2020 the main selling point was:

- Crowd control

- Interaction with the ticket holders

- Paperless tickets scanning & payment

This means that GET has conquered a lot of marketshare from traditional ticketeers. Well mainly GUTS actually but the advantages GUTS brings, other ticketeers using GET will have too.

Looking ahead

If GUTS was able to sell 236k tickets in a year where ticketing volume is down at least 90% then I think it's safe to assume that they'll sell over 3 million tickets once everything is allowed again (2022 most likely).

Add the new ticketing companies that integrated GET recently (getticket in Korea, Wicket Events in Italy and Tectix in Germany) and you'll understand that we'll be seeing millions of tickets processed by the GET protocol.

With the whitelabel added (every ticketing company can start using GET protocol very quickly and easely now) many more ticketeers will join.

Tokenomics & usage to push the price

The GET tokenomics are built so that for every ticket issued 0,28€ (or 0,34$) worth of GET is needed by the ticketeers. They buy most of this from exchanges and a minority they get subsidized from the User Grotwh Fund. In 2020 around 70% was bought directly from exchanges.

I'm willing to bet that we'll see at least 5 million tickets in 2022:

5 million * 0,28 * 0,7 = €980.000 in buybacks or around 1,2 million $

You can imagine what buybacks of 100k $ each month will do to such a smallcap, especialy considering that all this bought GET is burned after usage.

If the price would remain stable we'd see 5 million GET burned, or 25% of the entire supply (SF of 13 million will be burned soon anyway as it isn't used so I don't consider that as supply).

Of course the price will not remain stable as with such an increase in buybacks & burns, GET will be recognised as truely deflationary through real world usage.

As of this month all tickets issued by the GET protocol will become NFT's

Over 60.000 sold tickets (that haven't ben scanned yet for the event) will be minted as NFT's this month. This means that tickets, after scanning can become collectables. But so much more:

Here's my take on why GET protocol's smart and blockchain registered tickets becoming NFT's will revolutionize the ticketing industry.

After the DeFi hype we’ve witnessed last year, the next hype in crypto that seems to be developing are NFT’s. In this case it isn’t about riding the hype. Tickets being NFT’s on the blockchain really makes sense and it will change ticketing as we know it. Let me explain…

So what’s a NFT exactly? NFT stands for non fungible token. This is a token that’s unique on the blockchain and not mutually interchangeable. This in contrast to for example Bitcoin where it doesn’t matter which Bitcoin you have (1 BTC = 1 BTC). Every ticket issued by the GET protocol will become a getNFT.

https://preview.redd.it/bd16hh1es9h61.png?width=700&format=png&auto=webp&s=be2cbac4fe9436804018e0b78c513d5ee536bb0a

getNFTs are indivisible, meaning that a getNFT can only be held by 1 address at the same time. This ensures that whoever owns a certain NFT will be the only one to decrypt the QR code.

Eventhough GET’s NFT’s will be the most used, bought & traded NFT’s in the crypto space the goal isn’t to ride the hype. Ticketing + NFT = a match made in heaven. And here’s why:

As every ticket on the blockchain will become a NFT and thus unqiue, it will allow non custodial ownership of the ticket asset. This gives many interesting advantages but 2 stand out for me personally: P2P ticket trading & DeFi event financing.

P2P ticket tradingNFT’s will allow P2P ticket trading and GET’s almost done building it! Peer to peer ticket trading means that everyone who owns a getNFT ticket will be able to trade it with another “peer”. This will happen in a closed and regulated ecosystem. This means that certain rules can be set by the event organizer. For example:

The ticket can be sold for only x% profit
x% of the trade profit goes to the event organizer
a certain trading fee goes to the event organizer

This will be the first and only ticketing system that will allow ticket trading while at the same time making scalping impossible. Regulators have been struggling for a long time to solve this problem and what seemed impossible to achieve will be made possible by smart contracts! The impact of this will be huge and will change the ticketing space for the better.Additionally and not unimportantly it will give the event organizer an extra revenue stream. The money that right now for a large part goes to scalpers (the secondary ticket market is worth $15B) will be tapped into by the event organizers.

https://bigthink.com/politics-current-affairs/scalping

The advantage for GET holders is twofold:

The P2P market will atract more users (artists, venues, ticketing companies) of the GET protocol (= more GET needed in the primary market)
every ticket exchanged in the secondary market is an additional statechange (= more GET needed)

Event financing Without a doubt one of the most promising and exciting things to look forward to in 2021 is the introduction of decentralized event financing to GET Protocol.Event organizers often struggle to get financing for their events. This doesn’t only apply to starting artists, but even to famous stars. The artists need to have a lot of capital in advance as they have to pay for the venues, organisation, … upfront while only receiving the money after the show is over. Enter GET’s DeFi solution!

The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground.In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.

Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).

This is how it will work:

https://preview.redd.it/yeb8krqfs9h61.png?width=700&format=png&auto=webp&s=7bb8138b3165c53599963b3f45113a27c57997e5

If the concept seems complicated, here’s what you need to understand about GET’s decentralized financing solution:1.) Event organizers will be able to easily pre-finance their events. (Something they desperately crave.)2.) Investors will be able to invest in events of their choice, at a risk & reward level that they feel comfortable with.3.) The $GET token is an integral part of the financing process, as it is required for ‘skin in the game’ from

The advantage event financing for GET token holders will bring is again twofold:

As a GET holder you’ll be able to finance events and share in the profit of the ticket sales. This means that GET will allow you to profit without selling = passive income. An important note is that this is profit without inflation. While other DeFi projects give you returns by increasing the supply (and thus decreasing the value of the token) the returns here will not increase the GET supply, as the returns come from real profit(ticket sales).
As the GET token will be an integral part of this process, it will:- increase the buy pressure of the GET token (everyone who wants to participate will need GET)- decrease the supply (everyone who participates will have to locks his GET tokens).

For a deeper insight I recommend the blog below:

https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5

Why I prefer Cardano

Ok third times a charm as they say. Hoping this time it doesn’t get removed by bots or mods. Apologies to those that replied to my first two attempts over the weekend.

...

Why I prefer Cardano over Eth

A few days back someone posted about why Eth was better than Cardano (I could not find the link so if anyone has it please let me know and I’ll include it). As it was a weekday I did not have time to write out a thought out reply, but thankfully as we no longer have meme weekends, I can sit down and type something up. So here is my response on why I personally prefer Cardano over Eth.

1. Development Activity

I recall one of the reasons that I decided to even look into Cardano, two years ago, was research that showed price growth correlates with github activity (the research made reasonable attempts to weed out any fake github activity). Cardano was number one back then and has pretty much remained number 1 ever since. Ethereum has more developers, 456 vs. 111, according to a January article I found but the Cardano team produce more per developer [1].

Now don’t get me wrong – both projects are some of the most active projects out there, but knowing this gives me confidence that there is an active team behind Cardano. Furthermore, while Ethereum development is a decentralized approach (anyone can technically be an Ethereum dev if they have the time and energy), Cardano development happens through a professional company (IOG) that is technically contracted by the community to perform the work (I believe the community need to vote on renewing the contract at some point). I think the Eth approach is quite noble, but the IOG approach is more practical. I personally feel having a dedicated company being contracted to perform the work means greater efficiency.

2. Enterprise Minded

Similar to VeChain, the Cardano project is much more focused on being a blockchain that professional institutions can use. This permeates through all of the AMAs that Charles Hoskinson does. A big deal with an African government is due to be announced soon, and there was already a pilot in the food supply industry (BeefChain). To me Ethereum seems to be much more about being an open playground for people to experiment, but appealing to corporates seems a bit of an anathema. The VeChain and Cardano projects are the only two that I’ve found that I’ve found that are focused on changing the how business is done. The Atala Prism identity solution for example is a great example of something that would be of importance to business and regulators.

Furthermore, having a centralized entity like IOG means corporates have someone they can partner with to help them build out blockchain solutions.

3. State of the Dapps

Continuing on with this theme, let’s take a look at the much vaunted Eth ecosystem. If you look at the Dapp ranking [2] you will see that DeFi, Gambling, and Games make up the majority of Dapps. When you try filtering on more business minded categories such as health and insurance you get a handful of dapps with mostly zero activity. This tells me that it is still very early days for blockchain technology and the market place is mostly around developers that want to get rich quick (DeFi, Gambling, even the games with the NFT tokens). Nothing wrong with that at all, but who is developing the more mundane dapps that have a real practical use in the busines world? That is gong on in pockets, businesses are experimenting, but as I said it’s still very early days and the eth community is not focused on it.

4. No gas

I won’t labor this point much as it’s well known. High gas fees on Eth 1 mean Dapps are increasingly looking to be multi-chain. Cardano will soon offer a very viable alternative to Dapps looking for a low fee solution.

5. The development roadmap

Cardano has been criticized in the past for being slow. Some of the criticism has been fair – they made a few design mistakes early on that they then had to change track on later, but since the time I’ve been involved (roughly 2 years ago today) I have seen a clear articulation of the roadmap, and the milestones on that roadmap being reached, give or take a few months.

On the Eth side, I’ve seen numerous course corrections. An Eth 2 roadmap was launch last July if I recall. Then by the end of the year Vitalik came up with another one once he realized the first one was too linear. Now with the gas fees issue they are now suggesting Phase 1.5 can be prioritized ….It doesn’t fill me with confidence to see a development team lurching from one plan in reaction to issues that could have been predicted in advance.

With Cardano we were told there would be an incentivized testnet and there was. Next was Shelley and that launched on time. The move away from centralized federated POS nodes to decentralized ones is happening like clockwork and due to be at 100% by month end. The 2 Goguen era Hard-Fork combinator events have happened as expected and the final one is expected to be in the next 4-8 weeks. We’ve already started seeing voting being implemented sooner than we initially thought and will be completed later this year, then there’s talk of the Hydra solution to ramp up the scalability even further as well as further improvements to the consensus protocol in the form of Ouroboros Omega.

6. Research and Development

Ah finally I get to what many of you thought would have been my number one point. The much acclaimed “research based approach” to development. From the outset Cardano sought to partner with academia to help it research blockchain technology in order to build it properly. Where as Ethereum took the fast-out-the-gate and fix things later approach, Cardano has taken the slow and steady approach and in my mind it will pay off. Very shortly Cardano will have launch a smart contract platform that is secure and scalable, where as Eth 2.0 has only just started its development and the roadmap is still in flux as mentioned earlier. But the difference is more profound than that – due to the way Cardano has been built, it now has an ample pool of new brainpower feeding into its design, implementation, and adoption. Its solid design is also making it easier to turn out new innovations more quickly – the integration of the IELE VM to allow solidity to be used on Cardano was first started in the second half of last year and is due out soon (or may already be out).

CH has also talked about launching an NFT marketplace, better developer tooling, an Oracle solution and so on. Because Cardano has built out a solid foundation, developing all these extras is easier. Meanwhile Eth is having to go back and rebuilt the foundation.

7. Staking

I actually wrote this entire article before I realized I’d totally neglected to mention staking. Honestly if you haven’t tried it, but $20 worth of Cardano just to experience the staking process. It’s so easy to use. I think I’m averaging ~6% returns, but it’s really nice to know my Ada is earning me more Ada every week and makes me less likely to rush out and sell due to a market dip.

8. Communication

Name one other project where the founder is as open and communicative as Charles Hoskinsons. The guy does more YouTube vids and AMAs than a lot of YouTubers. You just have to watch them to see that he makes sense. He makes so many good points, that although I’ve often thought I could never get brainwashed into a cult, I’m beginning to wonder if that’s what’s happening (joke!). From watching his videos I’m confident that this guy “gets it”. One of these days I’ll perhaps compile a list of Top 10 CH Vids 😊

Summary

Eth has the first mover advantage, but if all it took to succeed was to be first at something, we’d still have Netscape, Nokia, and AOL. To remain successful, you need to be offering a better product than your competitors, and right now the gas fees on Eth are crippling the network and making many dapps unusable for ordinary folks.

Cardano took the slow and steady approach to building a solid smart contract platform and has been meeting milestone after milestone. The most important and exciting milestone, Alonzo, the hard-fork event that will give us fully fledged smart contract capability is (very likely) out in then next 4-8 weeks. After which point the easiest part is over. The next few months is when we will see whether Cardano attracts the development community and can develop out an alternative dapp ecosystem to Ethereums. The Cardano 360 event later this month (date tba) will be the one you should all watch as a first taste of this.

Finally, I have a lot of admiration for eth, and I like the eth development community, and yes I may even watch those really mundane monthly eth developer calls on YouTube. I just don’t like it when your average Reddit fanatic overlooks some of the points I mention above. Bitcoin is a safe investment bet I’d say. Eth, Cardano and Dot still have a long way to go to gaining traction out there in the real world.

…Oh and won’t somebody please think about Vet! 😉

Logo for post header:

https://i.ibb.co/rQsBzrD/Cardano-Logo.png

ETHEROS (ETS) Token Metrics

https://preview.redd.it/edif20jcp6n61.jpg?width=1400&format=pjpg&auto=webp&s=d6761a3c32edb885d7318d2ec67492da721edc1d

ETS Token Metrics

Etheros (ETS) is the native token of the Etheros platform. Users (players) obtain or buy specific “fragments” of space, place, or thing using the ETS token.

Etheros token metrics are as follows:

https://preview.redd.it/tqdm8wbip6n61.png?width=1717&format=png&auto=webp&s=5558aae3f17a11a2486860f32e7c19cfc95926bb

Public Token Distribution Event details:

Starts on May 1st, 2pm CET (Central European Time)
Ends on May 14th, 2pm CET (or when the total number of available tokens has been distributed)
30,000,000 Etheros tokens will be available, which is 20.14% of the total token supply.
Proceeds and unsold tokens will go to the Etheros DAO.
Starting price: $1.00
Hosted on: Mesa DEX and Uniswap
Accepted currency: USDT, ETH

What is Mesa DEX?

The public token distribution will be handled by DXdao’s Mesa, a decentralized exchange based on the Gnosis Protocol. The mechanisms provided by the Gnosis Protocol allow fair launch of tokens and limit front-running and gas wars, which sometimes occur in launches of tokens on some decentralized exchanges based on AMM.

What is Uniswap?

The other exchange where the public sale will take place is Uniswap. However, due to specific Uniswap mechanisms the volume of available tokens will be lower than in Mesa DEX. The Uniswap exchange itself is currently the most popular decentralized exchange. 2.1 billion dollars were blocked in its contracts in October 2020. This amounts to 20% of the total value blocked in DeFi applications. The daily Uniswap volume is 263 million dollars, which translates into approximately 95% of the total decentralized finance trading.

This is also the most popular DEX in terms of users. The platform serves over 38 thousand people every day. Uniswap was established in 2018 by Hayden Adams, an Ethereum developer. Noah Zinsmeister and Dan Robinson are the other project contributors.

Token Allocations

https://preview.redd.it/mtluag1tp6n61.png?width=1676&format=png&auto=webp&s=5f40a837fe3c23a268cb29e9666063a4e8e5f1c6

Max Supply: 148,940,000 ETS

Etheros token address: 0xaEF76e2c14365aD2cE78a52fC8c224623c2657b6

Etheros token link: http://token.etheros.io

Category 1

Marketing, Fees, Bounty, Advisors: 5% of total supply: unlocked

Development, Team, Partners, Contributors: 10% of total supply: vest over 2 years with a 6-month cliff

Category 2

Community: 85%

Seed Investors, Private Investors: 4.43% of total supply: unlocked, 10% bonus after 3 months of staking

Etheros Hidden Resources Rewards: 6.71% of total supply: starting on platform launch

Etheros World Builders, Developers: 6.71% of total supply: starting on platform launch, distributed over 2+ years

Public: 67.14% of total supply: 30% on the 1st sale (30M), 30% after 6 months (30M), 40% after 12 months (40M)

Explanation:

Etheros World Builders, Developers: according to the Action Mechanism, space users and developers can additionally take active part in building the Etheros world. This contribution will allow them to obtain ETS coins. Moreover, the best ideas and projects will be awarded with units of the Ethereum coin, i.e. Wei, which will belong to the given space owner completely.

Etheros Hidden Resources Rewards: according to the Resources Mechanism, space users will be able to try to find valuable resources which will allow them to become suppliers of resources for other users. Importantly, even mere discovery of such resources allows their owners to derive permanent gain. In addition, their attempts at discovering the resources will also give them an opportunity to find places with ETS coins and units of Bitcoins, i.e. Satoshi, which will belong to their finder completely.

What is Etheros?

ETHEROS is a complete, decentralized world in the form of a platform providing a social application based on Blockchain Ethereum with elements of virtual reality play (VR), where users (players) obtain or buy specific “fragments” of space, place, or thing using the native Etheros token (ETS). The native token of the application can be obtained with the Ethereum cryptocurrency.

Etheros is not only a decentralized platform but also a concept of a new decentralized world where everyone can become the owner and the user of any place or thing according to their imagination. This is a world where social balance, with clear-cut and transparent rules, and respect for property give a new opportunity to all people regardless of their location or social status.

Etheros gives new digital value to every person and to everything that is created or discovered in a virtual world created in the likeness of Earth. Etheros is a representation of the world we live in, where everyone can get something for themselves forever.

The ETS Token

To decentralize the management of the entire Etheros project, and to allow users to make a profit, it will be necessary to possess ETS tokens. Management will be fully decentralized and open, which means that all stakeholders will be able to take direct part in running the project. This will be achieved thanks to the ETS token, which will involve a right to vote in the Etheros DAO.

Decentralized management requires well-selected incentive mechanisms, which will have a positive effect on the development of the project. In other words, the entities managing the given space will be able to turn a profit by making investment decisions and will additionally be rewarded for their actions. The ETS token aims to streamline this process by the application of the following five mechanisms:

1. The Consensus Mechanism: Spaces as a whole belong to their owners. They are the ones who decide their purpose and are the first to have the right to vote.

2. The Matter Mechanism: The entire space consists of matter. The owner has to choose in which model a space will be created — real or virtual.

3. The Resources Mechanism: Spaces contain hidden natural resources (just like in the real world). The resources are based on digital assets. Owning a space gives the right to explore, extract, obtain, transfer or sell the resources.

4. The Action Mechanism: Users can undertake all private and commercial activities in a world based on 2D and 3D Architecture.

5. The Succession Mechanism: At any given time, the owners of the space can appoint a successor who will manage it after they are gone.

All these mechanisms constitute a financial incentive to participate in the Etheros world and support activities that increase income. In addition, the Succession Mechanisms will allow users to secure the value they developed over time and to choose a successor who will acquire the full right to take over their property after they are gone.

Watch the space, follow us on Medium, Reddit, Telegram and Social Media. Don’t miss the free token giveaway and airdrop.

Official Website — https://etheros.io

Subreddit Etheros - https://np.reddit.com/r/Etheros

Etheros Whitepaper

English — https://etheros.io/docs/whitepaper_etheros_en.pdf

Stay tuned for more details coming soon!

ETHEROS (ETS) Token Metrics

https://preview.redd.it/3iey2jefr6n61.jpg?width=1400&format=pjpg&auto=webp&s=c04f6263015d1120fcc772e4dceaf7ff3adfa29d

ETS Token Metrics

Etheros (ETS) is the native token of the Etheros platform. Users (players) obtain or buy specific “fragments” of space, place, or thing using the ETS token.

Etheros token metrics are as follows:

https://preview.redd.it/etw9skohr6n61.png?width=1717&format=png&auto=webp&s=98bf46022ec2b078dde80706cb2cd076d36cd9d6

Public Token Distribution Event details:

Starts on May 1st, 2pm CET (Central European Time)
Ends on May 14th, 2pm CET (or when the total number of available tokens has been distributed)
30,000,000 Etheros tokens will be available, which is 20.14% of the total token supply.
Proceeds and unsold tokens will go to the Etheros DAO.
Starting price: $1.00
Hosted on: Mesa DEX and Uniswap
Accepted currency: USDT, ETH

What is Mesa DEX?

What is Uniswap?

Token Allocations

https://preview.redd.it/hnelgn6lr6n61.png?width=1676&format=png&auto=webp&s=84bff0ad00c792988abeeb8136cab2b2cb0fa9f5

Max Supply: 148,940,000 ETS

Etheros token address: 0xaEF76e2c14365aD2cE78a52fC8c224623c2657b6

Etheros token link: http://token.etheros.io

Category 1

Marketing, Fees, Bounty, Advisors: 5% of total supply: unlocked

Development, Team, Partners, Contributors: 10% of total supply: vest over 2 years with a 6-month cliff

Category 2

Community: 85%

Seed Investors, Private Investors: 4.43% of total supply: unlocked, 10% bonus after 3 months of staking

Etheros Hidden Resources Rewards: 6.71% of total supply: starting on platform launch

Etheros World Builders, Developers: 6.71% of total supply: starting on platform launch, distributed over 2+ years

Public: 67.14% of total supply: 30% on the 1st sale (30M), 30% after 6 months (30M), 40% after 12 months (40M)

Explanation:

What is Etheros?

The ETS Token

1. The Consensus Mechanism: Spaces as a whole belong to their owners. They are the ones who decide their purpose and are the first to have the right to vote.

2. The Matter Mechanism: The entire space consists of matter. The owner has to choose in which model a space will be created — real or virtual.

4. The Action Mechanism: Users can undertake all private and commercial activities in a world based on 2D and 3D Architecture.

5. The Succession Mechanism: At any given time, the owners of the space can appoint a successor who will manage it after they are gone.

Watch the space, follow us on Medium, Reddit, Telegram and Social Media. Don’t miss the free token giveaway and airdrop.

Official Website — https://etheros.io

Subreddit Etheros - https://np.reddit.com/r/Etheros

Etheros Whitepaper

English — https://etheros.io/docs/whitepaper_etheros_en.pdf

Stay tuned for more details coming soon!

US Mephisto Mondays Mega Thread March 15th

Use this thread for questions, comments, issues, shit posts, and anything else drop related. Please read the FAQ if you are new here. Be civilized you filthy animals.

All low effort posts on r/MephHeads will be removed.

USA Store update and PSA - https://www.reddit.com/r/MephHeads/comments/m3i7kc/us_store_psa/

Terms and Conditions Mephisto Mondays US Store

Please be aware that postal services are still is experiencing shipping delays. For this reason, we have decided to limit the amount of orders we take through the store.

Our hope is that this will allow us to process orders in a timely manner, but also have the bandwidth to follow up with customer service issues that could result from extended shipping delays.

The store will close when we hit our order limit, this does not mean all items are sold out. We expect to hit this limit in the first few hours of store opening, so be sure to place your order as quickly as possible.

The payment methods available for this event are limited to Debit/CC and Bitcoin. Info about payment methods - https://www.mephistogenetics.com/info/payments
Please allow 10 BUSINESS days for your order to process and ship. An order status of processing means your payment has been approved and is awaiting shipment. You will receive a tracking email once your order has shipped.
Orders are processed on a first come, first served basis, first paid first shipped basis.
Please take care when placing your order, we are not able to add on/remove items or make other changes to your order. All sales are FINAL.

March 15th - 10:00 AM Mountain Time

Mephisto Starter Pack V2– 118$

The Mephisto Starter Pack is your Fast Pass to get on the Mephisto train. We put together a variety pack to simplify your order experience. Feeling indecisive? Let the Mephisto staff curate the perfect mix of strains for you.

The Mephisto Starter Pack Contains

· 1x Artisinal 3-Pack

· 1x Reserva 3-Pack

· 1x Illuminauto 5-Pack

· 7 Freebies

· Bonus Mephisto Swag Stickers

Tax questions unanswered in megathread

I'm asking this here despite the warnings because there are unanswerd questions regarding interest on crypto in the megathread. I understand if it gets removed but I don't know what else to do.

People asking about how interest on crypto are told it's a taxable event - treated by HMRC as an interest event.

If your interest is "in kind" - ie you receive interest in bitcoin on your bitcoin:

Do you pay tax on the £ value of that bitcoin at the time it was received (sometimes weekly)
If you dispose of any bitcoin (could be from another exchange) is your cost basis worked out as if each week you "bought" the interest at the price each week. - or is cost basis worked out as an average over the year or something - I can see the calculation getting pretty complicated as you have to pool interest payments with original purchases of bitcoin.

Morning Prepper

Most valuable startup

Digital payments giant Stripe (STRIP) is raising $600M in new funding at a $95B valuation, making it the most valuable startup in the U.S. It's nearly triple the $36B valuation Stripe secured last April, when it raised another $600M from investors including Andreessen Horowitz and Sequoia Capital. Investors in this round include Allianz, Fidelity and Baillie Gifford, as well as the sovereign wealth fund of Ireland, which is the home country of Stripe founders John and Patrick Collison.

Backdrop: Stripe was founded in 2010 by the two Irish siblings (their net worth jumped to $11.4B each with the latest valuation). The company's software, which competes with PayPal (NASDAQ:PYPL) and Square (NYSE:SQ), is used by businesses to accept online payments and has been a big beneficiary of the e-commerce boom accelerated by the coronavirus pandemic. Customers include Amazon (AMZN), Instacart (ICART), Salesforce (CRM) and Lyft (LYFT).

Stripe is "highly capital efficient" and didn't really need the money in spite of the fundraising, CFO Dhivya Suryadevara declared. "I view this as a bit more opportunistic," she said in an interview on Sunday. "It will just sit on the balance sheet," added Mike Moritz, partner at Sequoia and a Stripe board member, emphasizing that the money will be used as a "a rainy day fund." Some of the capital will also be invested in Stripe's European operations and its dual headquarters in Dublin.

Outlook: While Stripe isn't focusing on an initial public offering right now, both Suryadevara and Moritz said the company will continue to seek out acquisitions. In December, the company branched out to offer checking accounts to businesses through e-commerce providers, inking partnerships with banks including Goldman Sachs (GS) and Citigroup (C). (10 comments) Could a ban happen in the U.S.?

Bitcoin (BTC-USD) hit a record high of $60,000 on Saturday, nearly doubling in value this year, as the Beeple NFT sale continued to draw attention to the cryptocurrency, as well as more institutional investment. Prices then pulled back 7% to the $56,000 level on reports that India would propose a law banning cryptos, giving holders of the virtual assets up to six months to liquidate. The bill, one of the world's strictest policies against cryptocurrencies, would criminalize everything from possession, issuance and mining to trading and transferring crypto assets.

Why is India doing this? It's not the first nation to take action against Bitcoin, with similar bans or restrictions seen in countries like China, Pakistan, Russia, Bolivia, North Macedonia and Morocco. There are concerns that Bitcoin's decentralized system will make it more complicated for central banks to create their own CBDCs (central bank digital currencies), as well as worries that cryptos could be used to finance illicit activities. CBDCs are a promising tool that will allow central banks to have real-time data about their economies, offering the ability to track money flows, spending and savings data and what sectors are suffering or doing well. Leaving privacy concerns aside, a central bank could be more informed on monetary policy when armed with that information, while the government could possibly link future stimulus payments, universal basic income or fiscal policy to CBDCs.

Many Americans are unaware that it was illegal to own gold from 1934 to 1974, though the prohibitions were relaxed starting in 1964. A U.S. citizen couldn't own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins, as the federal government and banks shored up their financial soundness. Turning to cryptos, the Secret Service and the IRS have already worked with Coinbase (COIN) and exchanges to hold private crypto wallet keys, while the US Marshals Service has seized and auctioned many a Bitcoin. What would happen if the U.S. government or Fed felt threatened by the rise of decentralized banking? What if it interfered with their plan for CBDCs?

Go deeper: Bringing forth a Bitcoin ban could be legally difficult for the U.S. government, but even if would go through, enforcing the ban would be the harder part of the equation. Unless the government would exert strict control over the internet, individuals could download Bitcoin wallet software, run a node and complete transactions. That may render the currency out the realm of widespread adoption, but could also increase its demand for the exact same reason. Over the last decade, Bitcoin has also made inroads into the U.S. financial system, where it is treated as a commodity, so a ban could face other barriers like stymieing innovation and closing down institutions overseeing billions of dollars in crypto assets. (109 comments)

What's next for stocks?

Futures contracts linked to the Dow, S&P 500 and Nasdaq are all starting the week up 0.4% as the debate over whether a $1.9T stimulus bill will prompt a serious pickup in inflation continues to play out in the markets. Bond yields are turning lower for now, with the 10-year Treasury yield down 2 bps to 1.61%, suggesting a positive start to the week for equities, especially the hard-hit tech sector. A wide rollout of COVID-19 vaccinations in the U.S. is also helping stoke a bullish sentiment.

Analyst talk: "Most market participants and policy-makers have been surprised by the speed of the recovery. On our estimates, the U.S. economy will reach pre-COVID-19 output levels by the current quarter," said Chetan Ahya, global head of economics at Morgan Stanley in New York. "Fiscal policy is doing much more than fill the output hole. Transfers to households have already exceeded the income lost in the recession. As reopening gathers pace, the labor market is poised for a sharp rebound."

Past estimates suggest part of the coming $1,400 in direct stimulus payments could find its way into the stock market, though this time around, it is joined with some concerns. Rising inflation expectations could persuade the Fed to signal it will start raising rates sooner when it announces its latest economic projections at the end of FOMC meeting on Wednesday.

More commentary: "Following the fiscal stimulus packages it is inevitable that Fed GDP forecasts will be revised up, and some FOMC members might think rates will have to move higher sooner than they anticipated last December," wrote economists at ANZ. "The Fed is aiming for higher inflation which means higher interest rates. I think the market has misread the Fed in thinking about yield curve control," added Steven Ricchiuto, chief U.S. economist for Mizuho Securities.

SPACs catch attention of short sellers

One of the hottest growth areas on Wall Street, special purpose acquisition companies, is becoming a target for short sellers, WSJ reports. In fact, the dollar value of bearish bets against shares of SPACs has more than tripled to about $2.7B from $724M at the start of the year, according to data from S3 Partners.

Some examples: Social Finance (SOFI) is a popular target, with 19% of its outstanding SPAC (NYSE:IPOE) shares sold short, while short interest in Churchill Capital Corp. IV (NYSE:CCIV), a SPAC that is merging with EV startup Lucid Motors, more than doubled in March to about 5%. Others are wagering against companies after they combine with SPACs, like Muddy Waters's bet against XL Fleet (NYSE:XL). Shares of Lordstown Motors (NASDAQ:RIDE) also stumbled 17% on Friday after Hindenburg Research released a report saying the EV startup misled investors on its orders and production.

"These are all momentum stocks, and a lot of people want to short them," said Matthew Tuttle, whose firm recently launched "The SPAC and New Issue ETF (NYSE:SPCX)," the first actively managed ETF that gives investors direct exposure to a broad portfolio of SPACs.

Go deeper: The dangers of shorting were made clear in recent months when retail traders organized on social media to push up stocks like GameStop (GME) (the movement also apparently attracted institutional interest). Continued strong investor demand for SPACs could catch short sellers in a similar squeeze. Shorting can also be risky because SPAC shares have a price floor of $10 and they are prone to sharp price moves. (134 comments)

AstraZeneca vaccine scare

Concerns are growing over a coronavirus vaccine from AstraZeneca (AZN), which was once anticipated to be a mainstay of protection for much of the globe. The jab, developed with the University of Oxford, does not need to be kept at ultra-low temperatures and costs about $4 a dose, compared to the $20 per dose from Pfizer (PFE) and $33 for Moderna's shot (MRNA). But controversy has erupted as more countries limit AstraZeneca's use and scientists warn of the need for governments to tread carefully.

What happened? Over the weekend, the Netherlands joined a growing list of about a dozen countries, including Italy, Ireland, Denmark and Norway, moving to suspend the shot over concerns about possible side effects. While regulators said there was no indication of any direct link with the vaccine, reports of serious blood clotting triggered suspensions stretching as far as Thailand, though some have already resumed its usage.

AstraZeneca is defending its vaccine, saying in a statement that more than 17M doses have been administered in Europe and the U.K., with no evidence of an increased risk of pulmonary embolism, deep vein thrombosis or thrombocytopenia. So far across EU and Britain, there have been 15 events of DVT and 22 events of pulmonary embolism reported among those given the vaccine, based on the number of cases registered as of March 8, lower than the hundreds of cases that would be expected among the general population.

Quote: "You have to be very careful because it's also sending a message that there could be something very wrong with the vaccine when in fact, it's very unlikely that there is,” said Helen Petousis-Harris, a former World Health Organization adviser on vaccine safety. "We're doing massive mass vaccination campaigns and people get sick all the time. We can't panic every time it happens. But we also need to take all precaution. And it's a hard balance." (7 comments)

What else is happening...

Does Daylight Saving Time affect the stock market?

New titles at Tesla (TSLA): Technoking and Master of Coin.

Roche (OTCQX:RHHBF) buys COVID test maker GenMark (NASDAQ:GNMK) for $1.8B.

China's economic activity surged at the start of 2021.

Google (GOOG, GOOGL) will face $5B lawsuit over internet tracking.

ARK Invest buys 3D Systems (NYSE:DDD) on the post-earnings dip.

Cruise industry... Carnival (NYSE:CCL) forecasts at least two more rough years.

Xiaomi (OTCPK:XIACF) notches court win to halt U.S. investment ban.

Big Pharma one of the best pockets of value in the market - Barron's.

AMC (NYSE:AMC), WarnerMedia (NYSE:T) making peace with new streaming windows.

Today's Markets

In Asia, Japan +0.2%. Hong Kong +0.3%. China -1%. India -0.8%. In Europe, at midday, London +0.3%. Paris +0.4%. Frankfurt +0.2%. Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude +0.2% to $65.76. Gold +0.5% at $1727.80. Bitcoin -6.9% to $56312. Ten-year Treasury Yield -2 bps to 1.61%

Today's Economic Calendar

8:30 Empire State Mfg Survey 4:00 PM Treasury International Capital

Bitcoin halving: what, when, and how and the price be affected?

#Bitcoin_price

#Bitcoin_price_in_use

#Bitcoin_price_use #Bitcoin_mining

https://preview.redd.it/gsj89fjlr5n61.png?width=714&format=png&auto=webp&s=f6d8acb88fb2283c745c2a368c909fd1461c4eb0

There's an event in the world of cryptocurrencies that happens every few years and is of great importance for the entire crypto industry. This event doesn't come unexpected but has severe and lasting consequences nonetheless. Meet Bitcoin halving.

Visit our site: https://www.coinmomo.com/article/bitcoin-halving-what-when-and-how-and-the-price-be-affected

Coti 15x coin for march 2021

#Coinbase

#Coin_gecko

#Litecoin_price #Bitcoin_mining

In this video Coti 15x coin for march 2021, I'll go through the the whole events & news of coti with technical analysis & used coinmomo to see event & news f...

Visit our site: https://www.youtube.com/watch?v=63k6hGSkuCs&t=20s

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Global Economics and BTC (Following Jordan and Bret W's breif mention)

In Jordans recent interview with Bret W, he briefly mentions Bitcoin. I beleive it was mentioned in reference to removing the ability of policital and economic/corporate elite to have an overbearing influence on a society (especially at the extreme end of capitalism, when perhaps it tilts toward tyranny). It was also mentioned there is a lot of bad info out there.

I wanted to offer you this book of a source of what i feel to be useful and non-salesly insight into the history of global economies, how global economics has/can become manipulated by corrupt powers, and significant events in economic history e.g Breton Woods / removing the gold standard. The Bitcoin Standard by Saifedean Ammous.

The book is great as it barely even mentioned Bitcoin till the latter quarter of the book. The rest is just building a foundation of infrormation about global economics (from an economist). The book is also endorsed by Nassim Nicholas Taleb, someone whom i thoroughly respect due to his very interesing books around statistics, probability and conformation bias e.t.c (namely, The Black Swan).

I think its a good book, as it is an education in a subject Jordan / Bret briefly hinted at, while also giving great exmples of economic history and how systems can become corrupt. With a bit of blunt humour in there too.

https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861/ref=asc_df_1119473861/

https://www.amazon.co.uk/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861/ref=asc_df_1119473861/

https://preview.redd.it/j2gwo0sgv5n61.jpg?width=500&format=pjpg&auto=webp&s=26b62314e6f5e3a898e091d03143699b6e2bfb5d

Asset Tokenization Platform

What is an Asset Token or Asset Based Tokens ( ABT )?

With the emergence of Blockchain, the concept of ‘Tokenization Blockchain’ is becoming mainstream. Lets go back a little and start with Cryptocurrency. The era of crypto witnessed many coins being born ( Bitcoin, Ether, Neo, Zcash etc. ). It became clear to the world that anyone can create a coin based on an algorithm and pre-defined logic ( There are 4000+ coins at this moment ). This trend shifted to people creating Utility tokens, which are again a cryptocurrency that was used to facilitate an event or transaction in a business logic ( Ex: XRP is used to transfer money across borders ). These coins or tokens were priced and traded. This gave launch to something called the Initial Coin Offering ( ICO ).

But then many ICO’s crossed the barrier of being just a Utility token, to being a share of the issuing company. The regulatory bodies across the globe took notice and started issuing strict warning on this. So, was born the Security Tokens. These Security Tokens were created with the prime Moto of issuing shares or stocks of the company. It followed all regulations the bodies like SEC required. It gave rise to the Security Token Offerings ( STO ) via. Which people were able to raise funds for their business idea from across the globe seamlessly. Think of it like a normal IPO, but more scalable in nature.

As Security Tokens and STO became a trend, there was more research going into tokenising more assets. People wanted to tokenise other things like Commodities, Real Estate, Gold, Agriculture yield, Art, Credit Card… anything …you name it. Soon was born the concept of Asset Tokenization. These tokens were backed by real world assets. They were called as Asset token or Asset Based Tokens (ABT). Investors who bought the Asset Tokens were given Proof of Asset Tokens which they can hold or trade these tokenized assets in Asset token exchanges. Also was born the trend of Token Generation Event (TGE) or Initial Token Offering (ITO). Since any Asset of any form was tokenised, this trend also got to be known as ‘Tokenizer for X’ or ‘Token for X’ ( where X can be substituted by any Asset or commodity etc. ).

https://preview.redd.it/1z4ttqa0i5n61.jpg?width=1024&format=pjpg&auto=webp&s=fefc4a4e4a6b4719333300f91578137424610b8c

How does Asset Digitization work?

In the modern world, digitizing assets of any type is possible in a snap. The Asset can be anything ( Real Estate, A High Rise, Apartment, Gold, Art, Agriculture, Cannabis, Textile etc.). Using an Asset Tokenizer, you digitize the asset by splitting it into any number of Asset Tokens. Once the Asset Digitization is done, you can price each asset token and sell it. Using an Asset Tokenization Platform, you can sell the Asset Based Tokens ( ABT ) to investors world wide.

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Orion tetralogy of Substrate block programming technology

ORION and ARROW are a new generation of general blockchain development platform. In order to achieve it, ORION adopts a programming framework based on the Substrate blockchain. In fact, almost all current blockchain systems have evolved from the Bitcoin/Ethereum model. Generally speaking, a blockchain system should have: the basic parts of the blockchain system, such as the consensus system (blockchain distributed cornerstone), p2p connection and broadcasting system, storage system, etc., as well as the function of the chain. The basic part of the system is a component that will be available in the current blockchain model, among which consensus and P2P reflect the distributed nature of the blockchain. The function of the chain is the key part of the competition between blockchains. This part is very different from the basic part of the system, providing that the chain can provide specific functions in addition to the blockchain model. In general, the basic part of the system changes less, while the functional part of the chain changes more. In particular, many primary chains do not have complex advanced functions at the beginning, and the version is very low. In the subsequent gradual development, the development speed will be increased to achieve the effect of gradually upgrading other functions. As a blockchain framework, Substrate believes that all chains should have the basic part of the blockchain system, and developers can freely customize the functional parts of the chain.

https://preview.redd.it/xaswerqhj5n61.png?width=522&format=png&auto=webp&s=9ce7712b486149c6983f9da8899f746322198e90

Gavin Wood, as the developer behind the actual core of Ethereum, is naturally well aware of the framework of the system, so since Substrate Framework was proposed (September 2018), he has made two key distinctions about the blockchain system:

Substrate Core and Runtime

The Core part is the system foundation part mentioned above, and the Runtime part is the chain function, such as fund management transfer, equity calculation, etc.

When Orion uses the Substrate framework, due to such a clear division of basics and functions, it is not necessary to care about the basic function of the blockchain, which is the work of the Core part, but only care about the function that its chain can provide, which is the work of the Runtime part.

Orion uses Substrate to achieve a function that all previous blockchains could not achieve: the blockchain system upgrade. For a centralized Internet system, since the control of the code and data is in your hands, you can upgrade and modify the version at any time. However, only the background code of webpage H5 can be upgraded at any time. In the mobile Internet, APP still needs to be updated by users themselves. In order to simplify this problem, the Android ecosystem has launched a number of frameworks with different functions, so that users can carry out "hot update" without updating the APP, which has become famous previously. These hot update frameworks essentially allow you to download a piece of updated code from the background and then load and run the new code in a variety of ways. Generally, the functions provided by such hot update will bring a certain performance loss. Although part of the update problem is solved, the update code is still in the control of the centralized organization.

https://preview.redd.it/pkidavrij5n61.png?width=441&format=png&auto=webp&s=3de93a65fc87dec1eceba9c93bf5655ba4d2d1a0

Orion's use of the Substrate framework has significant advantages. Even if the power to update the code is centralized in one place, the people running the code may not necessarily follow its command, and cannot efficiently order the distributed nodes to deploy and update the new code uniformly. This is the benefit of the distributed autonomy that blockchain brings, but also a huge drawback. The Bitcoin community is a typical one in this field. Due to the split of the Bitcoin community, some people do not agree to adopt the scheme of isolated witness instead of changing the block size, which splits BCH and brings great damage to the ecology of BTC. Upgrading ETH is also difficult, with each upgrade requiring a long wait to prevent forks caused by unupgraded nodes. EOS makes upgrades a little easier due to its centralized nature, but there are still vicious incidents of forks due to upgrades. Compared to centrally controlled systems, blockchain systems are more difficult and risky to upgrade.

https://preview.redd.it/1zhud0njj5n61.png?width=625&format=png&auto=webp&s=06b3de349c45621b8d3981ee00b928a392405364

In general, Orion uses the Substrate framework for programming with the following advantages:

High degree of abstraction, more general purpose, and less development workload. In fact, with the template provided by the framework, developers only need to focus on the storage, function logic and event writing required by their application. An application like CryptoKitties is only a few hundred lines of code. At the same time, using the official front end, you can directly interact with the chain without additional programming.
The ecology of peripheral tools is relatively complete. For example, based on the official front-end library, it is easy to develop the front-end interactive page of the application chain.
Since all Runtimes are written in Wasm, the Substrate-based application chain can support online upgrades. This means that when on-chain governance passes an upgrade resolution, the whole node will run the latest version of logic even if it does not manually upgrade the software. This makes on-chain governance and upgrades seamless.
Currently, the modules of WASM and EVM have been officially given, and it will be very fast to develop a chain that supports smart contracts.

Two of them, 1 and 2, make Substrate-based application chain development very small-team friendly.

The value of blockchain technology lies in application, and developers are the cornerstone of exploring application scenarios and improving user experience. Substrate is a bridge between public chain technology, ecology, and alliance chains and is the most advanced blockchain technology. Polkadot's Relay chain serves as an intermediary chain, while other parachains authenticate and interact with parachains through block validation nodes Validators. Similarly, each parachain can also exist as the Relay chain of other peripheral parachains with infinite expansion. Blockchains developed by Orion using the Substrate framework can still expand the network in the future.

Cardano Rumor Rundown 03.15.2021

Good Morning Cardanoverse!

I've been obsessively consuming all the Cardano news and media on a daily basis for years now. I figured it wouldn’t hurt to share a list of what I'm seeing for anyone else who's interested. Feel free to make additions as you see fit. Many of your additions from yesterday are in the “Newly Covered” list for today. Also let me know if you think any of the “Previously Covered but Still Interesting” items are no longer interesting and should leave the list.

Let's go....

Newly covered today:

Bloomberg covers Cardano, Cites Charles as saying 100 Companies Coming Over https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges
Cardano added to Bloomberg Terminal!?! https://twitter.com/CryptoJeromeFR/status/1371195771798884352
Commenter Report: Africa Special has finished recording
Cryptoviser apparently is not romantically in love with us. https://twitter.com/IOHK_Charles/status/1371097989968666626
There is a Part 2 to the IOHK EUTXO discussion we reported under item 39. Good read for verbally upstaging your ETH & BTC supporting co-workers. Be the king of the post-zoom call crypto banter! https://iohk.io/en/blog/posts/2021/03/12/cardanos-extended-utxo-accounting-model-part-2/
Commenter Report: the “metamask of Cardano” speculated about previously in item 30 is the “Yoroi dApp connector”. It’ll be rolled out “with Ergo first and Cardano once Plutus is released.” https://github.com/Emurgo/yoroi-ergo-connector
It looks like this Yoroi dApp Connector info has even been detailed by Sebastien and Rob on yt. Not sure if we can link directly to this video. But, here is the link to the link. Looks like the dApp Connector talk starts at 1:23:10. https://twitter.com/NicoArqueros/status/1353203943195734017
The visionaries among us are already thinking about advanced NFT derivative instruments (some even algorithmically created by AI) in our ecosystem. https://twitter.com/NicoArqueros/status/1370150347113648132

Previously Covered but still interesting:

Charles posts a pic of a taxidermy African bird called a Turacos. He follows up that post by saying " Guys sometimes a stuffed Ethiopian exotic bird next to an old identity book is just a stuffed Ethiopian exotic bird next to an old identity book. Stop reading into things". Everyone enjoys speculating what exactly this could mean with the obvious implication being that the African bird announcement involves digital identity in Ethiopia. https://twitter.com/IOHK_Charles/status/1369397063583227911 https://twitter.com/IOHK_Charles/status/1369402020067766275
Famed crypto enthusiast and billionaire Mike Novogratz asks the Cardano world "Can anyone make a real bull case for $ADA? Does anyone build on it? Use it? Why is market cap so high? Should it be a funding asset? It’s one of the few cryptos I haven’t traded in my life." https://twitter.com/novogratz/status/1369255782462746624
It's announced that 591 different assets have been minted on Cardano in the last eight days. https://twitter.com/IOHK_Charles/status/1369347294324162561
Catalyst Fund 3 Voting is ongoing, it looks like the Yoroi team has worked out the voting problem in the Yoroi wallet. https://twitter.com/YoroiWallet/status/1369050858546200585
Charles was on Real Vision earlier this week. https://twitter.com/RaoulGMI/status/1367804256783372288
Cardano SPO Schweta Chauhan was profiled by Forbes. https://www.forbes.com/sites/tommywilliams1/2021/03/08/meet-30-inspirational-women-this-womens-history-month/?sh=383b28405208
UAE Fund FD7 Ventures calls for ADA to 20x in next 2-3 years https://twitter.com/CardanoPoolXYZ/status/1367927864658690054/photo/1
Charles will be speaking at the Blockchain Africa Conference next week which may or may not give us more clues as to the African Bird announcement. https://blockchainafrica.co/
SingularityNet collaboration with Cardano going down. How else is Skynet gonna pay the Terminators? https://www.youtube.com/watch?v=MWdp33bYJpQ https://www.youtube.com/c/SingularityNET/videos
Wolfram Alpha collaboration with Cardano. What will it look like? Mentioned in several recent AMAs. Sounds like Charles and Stephen Wolfram want to be best brohs. That feels good broh.
What did Charles actually do (if anything) on the day of the recent Thanos Infinity Gauntlet snap pic? Just general or was something specific happening behind the scenes? https://twitter.com/IOHK_Charles/status/1367874091722694656/photo/1
Alonzo hard fork (non)event to complete Goguen and add smart contracts in Q2. You’ll barely feel it broh. Not even an event. Lots of combinator broh.
Actual target date of Alonzo hardfork combinator event (smart contracts) will be revealed at Cardano 360 show at end of March. https://twitter.com/IOHK_Charles/status/1366519588519731203
Charles claimed Elon was trolling Cardano with “meta for k” on twitter. Can anyone argue one way or another on this? https://twitter.com/IOHK_Charles/status/1364350825271685122
Ourobouros omega is slated to bring significant innovation to the Cardano consensus protocol. https://twitter.com/IOHK_Charles/status/1357364560504709120
Possible Soulja Boy Cardano collab on NFT. Maybe Soulja Boy could be best brohs with Charles and Stephen Wolfram broh? https://twitter.com/souljaboy/status/1355770383396347907
Coinbase Listing of ADA. Will the DCG Mafia ever allow ADA to compete on an even playing field with “their precious” (read in Gollum voice) ETH? Maybe we don’t even need them?
Twitter revamp via Cardano? Charles did a whole vid on fixing social media curation. Other hand: they won’t even give Charles a blue check mark. Other other hand: Jack has a mutual love of Africa. https://www.youtube.com/watch?v=JilEb42q-CI&t=2325s
In the Protocol Parameters vid, Charles suggested they will introduce a CIP (Cardano Improvement Proposal) to change the inflation model to accommodate pay for stakepools for processing transactions/data from the ETH, IELE, and Catalyst sidechains. We’ll get to vote on CIPs like this. Kablam! Democracy! Kablam! Voltaire! Kablam! More duckets for staking! Don’t worry broh. They’re gonna stay serious here broh. Charles squinting real hard/blinking/talking slower/using hands a lot here broh. Not planning to violate the things learned from the long Oxford research arc and the input of the Prism Group (Harvard dudes) broh. Snake still eats tail broh. Kablam! https://www.youtube.com/watch?v=JJorRPk767s
Charles mentioned a seven person anti-corruption committee reviewing the Ethiopia project. Hopefully no shenanigans there broh.
Charles is scheduled to appear on Lex Fridman’s Podcast in June. Lex seems like a nice guy broh. He’ll probably end up best brohs with Charles, Stephen Wolfram, & Soulja Boy. Ben Goertzel is also in broh. Lex needs a girlfriend but no paying ADA to romance the androids. Just take lion’s mane, maybe some ‘83 Gordon & McPhail, and solve global issues together broh.
Will a Joe Rogan appearance follow this? It was always ”Goguen before Rogan.” They both love meat and you can barely tell they’re both filthy rich. Match made in heaven?
100% Decentralization of block validation incoming this month!!!!
Liquidity bird to land sometime soon? What is it?
What about the whispers of a telecom deal? Part of the Ethiopia project?
What about paying for utilities and transportation? Part of the Ethiopia deal?
Academic credentialing project in the nation state of Georgia. Lots of mentions of this over the years.
Mongolia project. Also lots of mentions of this over the years.
Uganda, Rwanda, Kenya, Ghana, & South Africa. It seems like there have been a decent number of indicators over the years that these governments are also already in play or targeted for the pan-Africa strategy of 100 MM users in 5-10 years.
In the recent Cardano 360 show there was talk of Emurgo possibly being in the process of building something that sounded kind of like a Metamask for Cardano. Sebastian building stuff works good broh. If not, what will fill the Metamask role in the Cardano ecosystem as a sort of universal(ish) bridge for users of smart contracts? Daedalus? Or something new that would be standalone?
Justin Roiland knows about Cardano. What if they ever mention it on the show broh? https://twitter.com/JustinRoiland/status/1363000121248473088
There is also the looming possibility of a Bitstamp listing. https://www.bitstamp.net/article/bitstamp-continues-exploring-support-additional-di/
Yoroi reaches 100k installs! https://twitter.com/YoroiWallet/status/1369952496307736578
Cardano tattoos are starting to get elaborate. https://twitter.com/BloomPool_io/status/1370148734177325056
There will be a “Mastering Cardano” book. No author signed on yet. Hopefully he or she will have a hairline that is even more dracula than Andreas Antonopoulos. I kid. Love Andreas.
Cardano reached 550k wallets in half the time it took BTC https://twitter.com/nierop_pieter/status/1369933366368362496
Cardano now has it’s own thirst trap twitter accounts. I won’t list them. But, you probably already know which ones those are if you follow #cardano. It’s probably bullish that we are now big enough for them to target us.
We can now claim that Catalyst is the world’s biggest DAO! Luckily, I think it is safe to suspect that ours is less susceptible to recursive call attacks than ETH’s first big DAO. https://twitter.com/InputOutputHK/status/1369961368946946053
IOHK releases a good article contrasting the various blockchain accounting methods: EUTXO (Cardano) vs. UTXO (Bitcoin) vs. Account Balance (Ethereum). This is one of those nice articles where the British guy pleasantly reads it to you if you want. Use this one to convince all your friends you are the ultimate blockchain expert: “listen Kyle...the shortcoming of UTXO accounting is....” https://iohk.io/en/blog/posts/2021/03/11/cardanos-extended-utxo-accounting-model/
Cardano devs at IOHK are the most productive in the industry! Already 3,170 commits and climbing this week! I sleep better at night knowing they are not allowed to sleep. Kidding….kidding. https://twitter.com/InputOutputHK/status/1369589307720269825
Actual spycam footage of Brian Armstrong watching Coinbase customers discover ADA. https://twitter.com/ArmySpies/status/1370516335298420736
Novogratz follows up that he’s bearish for now but will jump on a call with Charles next week. https://twitter.com/novogratz/status/1370482108553105408
Apparently the first $1200 stimulus check if invested in ADA would be $44,800 now. https://twitter.com/CryptoIRELAND1/status/1369426234883645443/photo/1
Charles gives us that real talk about why a young billionaire would devote his life to this Cardano thing. https://www.youtube.com/watch?v=T7Da6sFAxuI
Cardano uses a tiny fraction of the energy some other top-ten blockchains use. This factoid alone should allow you to hook up with eco-obsessed nature people. https://twitter.com/RichardMcCrackn/status/1370571904969551875
Now you can drive your drinking buddies crazy with your ADA obsession without even saying a word! https://twitter.com/KenzieByrne6/status/1370566690073935872
Will Babel Fees in Cardano lead to delegators receiving an almost index fund like assortment of native tokens? Will SPOs be willing to accept a wide assortment as payment for transaction fees? Will the economics of the delegation/staking landscape require SPOs to share those Babel Fee tokens with their delegators?
Will NFTs be a glaring exclusion from Babel Fees? Will I have to pay for the transaction fees on my NFT in ADA because I don’t want to give an SPO a small piece of the ownership interest in the digital art or other asset represented by the NFT?
There’s a new Crypto Time Traveler and this one loves Cardano. https://twitter.com/CryptoTimeTrav2
Business Insider covers Cardano among four other coins. https://markets.businessinsider.com/currencies/news/5-altcoins-under-the-radar-avalanche-cardano-polkadot-cosmos-graph-2021-3-1030187382
The “Cardano Pizza” event becomes an NFT. https://twitter.com/RichardMcCrackn/status/1370924728534376449

~Army of Spies

Investment Thesis For MoonCats

NFTs had a event horizon when beeple sold his First 5000 Days for $70m USD via a legitimate art auction house.

There are 63 million BitCoin wallets and tens of millions of individuals and institutions that own Bitcoin. Most have an acute awareness of the early movers advantage that most missed out on in the early days of BTC

So all these millions of bitcoiners are hearing about NFTs as the next opportunity to get into and up until last week had a choice between: - crypto punk - beeple - newer random lesser know projects.

Most of these random projects have no real narrative. The reason the crypto punks are valued at such a premium are that they are seen as the originals with the most chance of holding value.

Enter MoonCats.

Only two months older than cryptopunks. Launched in 2017. Only 26,000 will ever exist. An incredible narrative of being lost in time and rediscovered that makes it likely it will get equal coverage to other original NFTs.

Trading at 1 ETH which is less than NFT projects which were launched this year like cyberkongz and hash masks.

When the BTC money looks to allocate funds to NFTs where will they go? To the project valued at 1/30th cryptopunks and pretty much holding the same narrative and far more upside.

The media coverage will start soon and then I think we will see a base of 4 ETH which would represent a $200m market cap, about half that of crypto punks. It will rise with the whole NFT market from there.

$1 Trillion in Bitcoin. MoonCats has a market cap of $52 million and is the second oldest NFT project.

The money will flow when the media hits.